News

The United States has blacklisted an “oil-for-terror” shipping network allegedly directed by the Islamic Revolutionary Guard Corps (IRGC) for providing millions of dollars worth of oil to Syria.
Additionally, a new...

After the U.S. president signed an Executive Order on August 5 blocking all Venezuelan government property in the United States, the sanctions were interpreted as having put Venezuela into the same category as North...

The United States has imposed sanctions on a Chinese oil trading company and its chief executive for buying oil from Iran.
According to a State Department announcement from July 22, Zhuhai Zhenrong Company Limited was...

Gibraltar authorities and British Royal Marines have detained a supertanker carrying crude oil to Syria.
The Panama-flagged very large crude carrier (VLCC) Grace 1 and its cargo were detained by Gibraltar Port and Law...

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has removed Italy-based PB Tankers from its list of sanctioned companies.
OFAC designated PB Tankers on April 12, 2019, for operating in the...

The U.S. President, Donald Trump, has revealed new sanctions against Iran on the back of tanker attacks in the Strait of Hormuz and the downing of an unmanned American drone earlier in June.
According to a statement from...

Royal Caribbean Cruises has lowered its profit outlook following the Trump Administration’s latest move to ban cruise ships from docking in Cuba.
The Miami-based cruise major said that the financial impact of the...

North Korea has demanded the immediate return of its cargo ship that was seized by the U.S. authorities earlier in May 2019.
A spokesperson for the Foreign Ministry of the Democratic People’s Republic of Korea said that...

The U.S. Department of the Treasury has blacklisted two vessels, which transported oil from Venezuela to Cuba, and their respective owners.
The ships in question are the crude oil tanker Ocean Elegance and the chemical...

The U.S. Department of Justice has seized the bulk carrier Wise Honest, belonging to North Korea, for allegedly violating United States and United Nations sanctions by illicitly shipping coal from North Korea.
The...